For Sale
$3,400,000

7292 4Th StSt. Petersburg, FL 33702

Class A Office, High Occupancy, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A office building, located at 7292 4th St N in St. Petersburg, Florida, presents a compelling investment opportunity. The 8,700 square foot building sits on a 27,000 square foot corner lot, offering excellent visibility and accessibility. Currently boasting 100% occupancy since August 21, 2023, the property features three suites, each with one or two separate entrances, ideal for multi-tenant use. The building's recent renovations (2001-2002, 2014, 2017, 2018, and 2022-2023) ensure a modern and well-maintained space. The primary tenant, a national physical therapy company, is under a five-year lease (commencing June 1, 2022, and expiring May 31, 2027) with a 3% annual rent bump, providing consistent income. The property includes 29 parking spaces and benefits from a metal roof with Karnak silicone sealant, a concrete security fence, and an inground sprinkler system. The building is zoned CCS-1 and offers a strong cap rate of 6.50%. The asking price is $3,400,000, translating to a land value of $434.83 per square foot. This turnkey property is perfect for an owner-user or investor seeking a stable, high-return investment in a rapidly growing area. The property is currently for sale by owner.

Highlights

  • Corner lot, 27,000 sq. ft., access from 4th Street North & 73rd Avenue. Landscaped with mature trees and sprinkler system.
  • 8,700 sq. ft. building (7,819 rentable sq. ft.), three suites, each with multiple entrances. Freshly painted, perimeter sidewalk, and secured with fencing and a metal roof with Karnak silicone sealant.

Property Details for 7292 4Th St

Property type
Office properties, Medical offices
Square Feet
8,700 SF
Class
A
Year Built
1991
Buildings
1
Stories
1
Units
3

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.838857359058
Longitude
-82.638807106202
7292 4Th St, St. Petersburg, Florida

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7292 4Th St
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